Retail – Apparel Resources

Fashion brand LPP’s VP resigns

Apparel Resources News-Desk — Sat, 19 Oct 2024 13:30:40 +0000

Przemysław Lutkiewicz, the Vice President (VP) of Polish fashion brand LPP, has announced his departure from the position owing to health concerns. According to sources, Marek Piechocki, the CEO of the company, plans to propose Marcin Bójko, the current financial director, for the role of new vice president. “Although it was difficult to accept Przemysław […]

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Showroomprivé incurs declining sales by 7.9 per cent in Q3

Apparel Resources News-Desk — Sat, 19 Oct 2024 13:03:41 +0000

During the first nine months of 2024, the French e-commerce firm Showroomprivé had a gross merchandise value (GMV) of US $ 764.27 million, a 0.7 per cent decrease in GMV, and a sharp 5.1 per cent reduction in sales. Sales for the same quarter were down 7.9 per cent at US $ 139.92 million, while […]

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Adidas appoints head of global sales

Apparel Resources News-Desk — Sat, 19 Oct 2024 12:48:03 +0000

With effect from 1st November 2024, Mathieu Sidokpohou has been appointed by the company’s supervisory board to succeed Arthur Hoeld as the executive board member in charge of Adidas’ global sales. In 2020, Sidokpohou, a French national, became general manager of Adidas France. Before assuming the role of managing director for Europe in 2023, he […]

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N Brown to cut 100 head office jobs amid Alliance buyout

Apparel Resources News-Desk — Sat, 19 Oct 2024 12:38:17 +0000

As it is ready to be taken private by the Alliance family, N Brown Group plans to eliminate over 100 positions at its Manchester headquarters. According to Drapers, a consultation process involving some 200 employees at its Manchester head office in the Northern Quarter is thought to have started last month. According to the owner […]

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Global Fashion Group raises full-year outlook

Apparel Resources News-Desk — Sat, 19 Oct 2024 12:31:20 +0000

Global Fashion Group (GFG) increased its full-year outlook, stating that it anticipates exceeding the March adjusted EBITDA projection of negative US $ 27.19 million-US $ 48.94 million to negative US $ 17.4-US $ 30.45 million. According to a press release from the company, the improvement in overall performance due to improved customer demand patterns is […]

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Menswear brand Mufti launches new outlet in Raipur

Apparel Resources News-Desk — Sat, 19 Oct 2024 12:15:31 +0000

Indian menswear brand Mufti inaugurates its new store at Raipur’s Ambuja Mall as it marches forward with its expansion plans. Mufti is popularly known for its casualwear collections and pioneering alternative fashion trends for their audience. The new store will meet the style needs of today’s men, offering a wide range of products including casual […]

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Brunello Cucinelli records a 9.2 per cent spike in revenue

Apparel Resources News-Desk — Sat, 19 Oct 2024 11:53:49 +0000

Fashion brand Brunello Cucinelli has reported a turnover of US $ 1000.55 million for the first time in 9 months. The growth is 12.4 per cent at current exchange rates and 12.7 per cent at fixed exchange rates. The company also recorded a turnover of US $ 326.26 million in its third quarter which is […]

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Vietnamese fashion retailers struggle as local market floods with low-cost Chinese products

Apparel Resources News-Desk — Sat, 19 Oct 2024 10:55:10 +0000

The influx of inexpensive clothing and accessories from Chinese e-commerce sites like Temu, Taobao, and 1688 is putting more and more pressure on Vietnamese fashion businesses. Many local firms are finding it difficult to compete on price and quality as a result of this inflow. Affordable options are attracting more and more Vietnamese consumers, as […]

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Anamika Khanna and Rahul Mishra partner with Saks for US debut

Apparel Resources News-Desk — Sat, 19 Oct 2024 09:40:21 +0000

Anamika Khanna and Rahul Mishra partner with the American luxury retailer Saks to retail their labels in the US market. The partnership brings Khanna’s AK|OK and Mishra’s AFEW labels to Saks’ website and select Saks Fifth Avenue stores, showcasing their latest collections. Tracy Margolies, CMO at Saks, highlighted that partnering with Mishra and Khanna offers […]

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Mass casualisation to help fuel Foot Locker growth in India, says global chief

Apparel Resources News-Desk — Sat, 19 Oct 2024 08:22:26 +0000

Mary Dillon, the Global Chief Executive of Foot Locker, has stated that Indians are moving beyond merely having a culture of sports shoes and are increasingly requesting sneakers like Jordans and Samba, following a trend observed in the US and China many years ago. With a long-term licensing agreement, the New York-based athletic retailer Foot […]

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Amid booming demand, malls become go-to for D2C brands

Apparel Resources News-Desk — Sat, 19 Oct 2024 06:21:13 +0000

An increasing number of direct-to-consumer (D2C) firms are embracing malls to improve their customer interaction and offer immersive shopping experiences as India’s retail landscape rapidly changes. According to industry participants, malls are the best place for brands to establish a physical presence, cultivate relationships, and increase revenue. “D2C brands are increasingly choosing malls because they […]

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N Brown set to be taken private by Alliance family

Apparel Resources News-Desk — Fri, 18 Oct 2024 12:43:24 +0000

The Alliance family, who helped create the home shopping conglomerate, is planning to take N Brown private after putting in a recommended US $ 249.25 million offer for the company. The transaction is practically guaranteed to be successful because the Alliance family currently owns over 60% of N Brown’s shares. Concerns regarding N Brown’s current […]

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John Lewis aiming to double fashion business, says executive director

Apparel Resources News-Desk — Fri, 18 Oct 2024 12:39:32 +0000

Peter Ruis, executive director of John Lewis, sees market consolidation as a major development opportunity and intends to increase the department store’s fashion division. In order to “convert more of our customers, who might have been buying washing machines before, into fashion,” Ruis stated that the company intended to “move our premium assortments upwards.” “It […]

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TK Maxx achieves record sales despite profit dip

Apparel Resources News-Desk — Fri, 18 Oct 2024 12:31:41 +0000

Over the course of the previous year, TK Maxx’s sales surpassed US $ 5.22 billion to reach a new high, according to the retailer’s most recent financial statements. According to a Companies House report, TJX UK, a division of TJ Maxx that operates under the name TK Maxx, saw a 3.6 per cent increase in […]

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Boohoo boss to step down as it launches strategic review

Apparel Resources News-Desk — Fri, 18 Oct 2024 12:14:18 +0000

Boohoo Group is starting a strategic review to try to boost trading, and the company’s boss is stepping down. It coincides with the announcement of a new refinance agreement and another sales decline by the owner of Boohoo, Debenhams, and PrettyLittleThing. John Lyttle, the CEO of Boohoo, announced on Friday that he has notified the […]

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Sabhyata launches new store in Lucknow’s Lulu Mall

Apparel Resources News-Desk — Fri, 18 Oct 2024 11:18:27 +0000

Indian ethic wear brand Sabhyata has launched a new store in Lucknow’s Lulu Mall. The Indian brand specializes in ethnic wear and indo-western style of garments and is spread wide in the Indian markets. In 2003, Sabhyata was originally founded when its flagship store opened in Lajpat Nagar, New Delhi. With a wide range of […]

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Zara and Jayesh Sachdev collaborate for Diwali capsule collection

Apparel Resources News-Desk — Fri, 18 Oct 2024 10:11:24 +0000

Zara has partnered with Jayesh Sachdev to launch a special Diwali capsule collection. Launched on 15th October, Zara’s flagship store at Mumbai’s Phoenix Palladium unveiled a 10-foot tiger sculpture, while special festive corners were set up at stores in New Delhi, Bengaluru, Pune, and Gurugram. The collection is titled ‘Reverie’, which features graphic, colourful elements […]

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Vishal Mega Mart files for IPO with US $ 950 million

Apparel Resources News-Desk — Fri, 18 Oct 2024 10:05:21 +0000

Vishal Mega Mart has filed papers for aUS $ 952 million IPO, with a growing list of companies that are tapping into the bustling Indian capital market. The issuance of new shares will not be involved, and Vishal Mega Mart will not receive any proceeds from the offering. Instead, the sale will be led by […]

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Levi’s collaborates with Diljit Dosanjh

Apparel Resources News-Desk — Fri, 18 Oct 2024 09:58:59 +0000

Levi’s has collaborated with Diljit Dosanjh to launch a tour merch collection coinciding with ‘Dil-Lumaniti Tour’ in India. The collection features variety of graphic tees, sweaters, hoodies, and trucker jackets, adorned with lyrics from Dosanjh’s hit songs such as ‘Born To Shine,’ ‘Lover,’ and ‘G.O.A.T.’ Adding to the collection’s appeal, Levi’s has included the newly […]

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Aditya Birla’s Fashion subsidiary raises stakes to 32.84 per cent in Virat Kohli backed Wrogn

Apparel Resources News-Desk — Fri, 18 Oct 2024 09:35:18 +0000

Aditya Birla Group’s fashion subsidiary Aditya Birla Digital Fashion Ventures has made an additional investment in Wrogn, the apparel brand backed by popular Indian cricketer Virat Kohli. The Birla fashion venture has raised its stakes from 17.10 per cent to 32.84 per cent and the additional stake procurement was worth a capital of US $ […]

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